Coupa Software (NASDAQ:COUP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Coupa Software Inc. provides cloud-based spend management platform which connects organizations with suppliers. Coupa Software Inc. is based in SAN MATEO, United States. “
Other analysts also recently issued reports about the company. Northland Securities restated a “buy” rating and set a $38.00 target price on shares of Coupa Software in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and set a $41.00 target price on shares of Coupa Software in a research note on Wednesday, November 15th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 target price on shares of Coupa Software in a research note on Wednesday, September 6th. ValuEngine upgraded Coupa Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Barclays restated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Coupa Software currently has an average rating of “Hold” and an average price target of $35.69.
Shares of Coupa Software (NASDAQ COUP) traded up $0.77 during midday trading on Friday, reaching $32.85. The company had a trading volume of 450,000 shares, compared to its average volume of 471,576. Coupa Software has a 52-week low of $22.50 and a 52-week high of $37.72.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. Coupa Software had a negative return on equity of 20.71% and a negative net margin of 24.37%. The firm had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. During the same period in the prior year, the firm earned ($0.22) EPS. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. equities analysts anticipate that Coupa Software will post -1 earnings per share for the current year.
In related news, Director Roger S. Siboni sold 20,000 shares of Coupa Software stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $32.26, for a total value of $645,200.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $645,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravi Thakur sold 11,240 shares of Coupa Software stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $35.90, for a total value of $403,516.00. Following the completion of the transaction, the insider now owns 13,436 shares of the company’s stock, valued at $482,352.40. The disclosure for this sale can be found here. Insiders sold 511,519 shares of company stock valued at $16,870,068 over the last quarter. Insiders own 32.10% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its stake in Coupa Software by 2,294.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,664 shares of the technology company’s stock worth $106,000 after purchasing an additional 3,511 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Coupa Software in the second quarter worth about $142,000. Trexquant Investment LP acquired a new position in Coupa Software in the third quarter worth about $274,000. Symmetry Peak Management LLC acquired a new position in Coupa Software in the second quarter worth about $290,000. Finally, Legal & General Group Plc grew its stake in Coupa Software by 436.1% in the second quarter. Legal & General Group Plc now owns 10,792 shares of the technology company’s stock worth $312,000 after purchasing an additional 8,779 shares in the last quarter. Institutional investors and hedge funds own 76.68% of the company’s stock.
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Coupa Software Company Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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